May 11, 2018

Rent Is Too Damn High Party's effect in California

We laughed at this particular special interest that sprang up in New York a few years ago. It was the Rent Is Too Damn High Party, and even SNL didn't shy away from mocking this offshoot from the Democrat party.

A 1995 California law prevents cities from making regulations that would establish rent control on single family dwellings and condominiums, and new apartment units. The law also prevents property owners from raising the rent once the current renter vacates the premises or gets evicted for cause. Source.

That law protecting property owners is on the ropes. The November ballot will contain a measure that will end those restrictions. It's hard to imagine Californians voting to keep in place anything that helps a landlord.